• Sharebar

Hey guys. Its been a month since I started working at a MM M&A advisory firm. Although i've worked on a couple of Deals (WIP), I haven't closed any.

Just wanted to know, how long does it take for one to be a part of an end to end deal, and how long would it take for you to close one? Also, how many deals have you guys worked on, over the course of a year?

The WSO Advantage - Investment Banking

Financial Modeling Training

IB Templates, M&A, LBO, Valuation + Learn More.

IB Interview Prep Pack

30,000+ sold & REAL questions Learn More.

Resume Help from Actual IB Pros

Land More IB Interviews. Learn More.

Find Your Perfect IB Mentor

Realistic IB Mock Interviews. Learn More.

Comments (11)

  • GBB_19NHS's picture

    1 month?? come on, in this environment there are people out there that have been without a closed deal in a year. I personally had my first closed deal within 2 months but I joined in a later stage on that deal so most of the work was already done. I might have worked on 6-7 deals in the first year and only 2 of them actually closed.

    "too good to be true"

    See my WSO Blog

  • olafenizer's picture

    Within a month of me starting we closed a deal, but it was pretty much already wrapped up and the only work I did on it was formalities. For a year after that I worked on a number of deals that matured to various stages but all were either stillborn, fell apart later, or were still in progress by the end of the first year.

  • esbanker's picture

    There's no defined time frame and some could be really quick or protracted (+12 months).

    Typically, the m&a deals (sell-side) I've been involved with were broken down into 4 phases:

    -Research, analysis, preparation of marketing materials (4-6 weeks)
    -Buyer outreach and assessment of offers received (4-6 weeks)
    -Due diligence and negotiations (4-6 weeks)
    -Structuring and closing (4-6 weeks)

    All in, we're talking about a 4-6 month process if all goes well and there are no major hiccups involved.

    Hope it helps.

    Capitalist

  • DontMakeMeShortYou's picture

    I've known analysts who NEVER closed a deal - they simply got unlucky. I'd say ~12 months is a normal average, but I'm pulling that # out of thin air. Could be way off.

  • George87's picture

    Signed first deal within 7 months... then it blew up and now hope to close by end of 2012... almost a year later. Sometimes it's luck of the draw, and things outside of your control show up and blow deals up. Worked on 2 during a year + support on other ppl's deals.

  • CompBanker's picture

    I started in June 2007 in MM M&A when the markets were hot. I closed my first deal start-to-finish in April. I was the second analyst in my class to close a deal start to finish, and if I recall correctly, a third analyst closed one the day after I did. I closed my second one start-to-finish in August (these two overlapped). It really ends up being the luck of the draw. Given the market today, don't expect to close a deal start to finish in your first year, but definitely expect at least one in your entire two years.

    CompBanker

  • brokencircle13's picture

    To unlock this content for free, please login / register below.

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!

    --Meliora sequimur

  • Do3Del's picture
  • -caP1taL1sm..'s picture

    "I did it for me...I liked it...I was good at it. And I was really... I was alive."